This comes as India has been calling for reformation of the UN, especially with regards to the composition of its most powerful body, the UN Security Council.
Defence budget is 2.09% of the GDP compared to 2.17% this fiscal. While both Army & the Navy failed to spend the full amount allocated to them, the IAF spent more than its allocation.
FY25 allocation is exactly the same outlay as given in revised estimates for the current financial year. Activists say it's not sufficient to meet demand for work in rural areas.
Finance Minister Nirmala Sitharaman's Interim Budget 2024 speech makes it clear that the Modi government is confident of being voted back to power. This augurs well for the economy and people of India.
For the EV sector, the government announced increased support for manufacturing and charging infrastructure, as well as a push for the adoption of e-buses in public transport.
FM Nirmala Sitharaman announced interest-free loans to states, rating system for tourist centres & projects for island connectivity, infrastructure, adding that this will also create jobs.
Presenting the interim budget Thursday, Finance Minister Sitharaman accused previous governments of indulging in tokenism and using social justice as a mere ‘political slogan’.
Sectoral allocations for highways, railways show marginal increase in interim budget with experts hoping that the allocations will go up in the full budget expected in June-July.
Panel to be mandated to make recommendations in relation to ‘Viksit Bharat’ goal, adds finance minister. According to UNFPA, India's overtaken China to be world's most populous country.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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